The short-term Elliott wave view in BTCUSD suggests that the decline from March 28, 2022, High is unfolding as an impulse structure favoring some more downside. Down from 03/28/2022 high, wave (1) ended in 5 waves at $38550 low. Wave (2) ended at $42974 high, and wave (3) ended in 5 waves at $25384 low. Then above there, the pair made a bounce in wave (4) in a shorter cycle. The internals of that bounce unfolded as a double three structure.
Whereas the initial 3 waves bounce to $31420 ended wave W. Then a pullback to $27953 low-ended wave X. Up from there, the pair started the Y leg higher & reached $323770. The pair got rejected within that area & ended Y leg at $32370 high thus completing the wave (4) bounce. Below from there, we believe wave (5) has started lower where Miner degree wave 1 ended at $29258 low. And wave 2 ended at $31540 high. Near-term, as far as bounces fail below $31540 high and more importantly below $32370 high the pair is expected to see more downside towards $23780- $21114 inverse 123.6%- 161.8% Fib ext area of (4) minimum. Before the pair completes its 5 waves impulse sequence from March/28/2022 high & does a bounce.
BTCUSD 1 Hour Elliott Wave Chart 23 May 2022
BTCUSD 1 Hour Elliott Wave Chart 01 Jun 2022
BTCUSD 1 Hour Elliott Wave Chart 09 Jun 2022
BTCUSD 1 Hour Elliott Wave Chart 14 Jun 2022
Whatch Full Video
Most Recent Posts


Elliott Wave View: EURAUD Found Buyers After Completed Double Three Pattern
Hello fellow traders. In this technical article, we’re going to take a look at the Elliott Wave charts of EURAUD, presented in the member's area on our website. Recently, EURAUD


Elliott Wave View: AUDUSD any Rally it can Fail for More Downside
The short-term Elliott Wave view on AUDUSD suggests that the cycle from the 8.11.2022 high is in progress as a 5 waves impulse structure. Down from the 8.11.2022 high, wave


Elliott Wave View: CADJPY Should Continue to Extend Higher
CADJPY shows a bullish sequence from the August 02 2022 low suggesting further upside is likely. The Rally from the August 02 low is unfolding as an impulse Elliott Wave


Elliott wave View: Bitcoin (BTCUSD) Entering Into A Wave Five Lower
The short-term Elliott wave view in BTCUSD suggests that the decline from March 28, 2022, High is unfolding as an impulse structure favoring some more downside. Down from 03/28/2022 high,


Elliott Wave View: EURJPY Buyers in Control
In this technical blog, we’re going to take a quick look at the Elliott Wave charts of EURJPY published in the member's area of the website. As our members knew,


The Funded Trader Programs Review
Forex is the biggest market globally and the first step of many beginner traders. While you don’t need significant capital to make money trading forex, it surely gets easier if